Free Trial

USDJPY continues to head higher today with......>

YEN
YEN: USDJPY continues to head higher today with 114 within touching distance.
The longer-term uptrend looks to be resuming in line with the ongoing widening
in US-Japan real bond yield spreads. USDJPY upside should give yen crosses a
boost. 
- KRWJPY is approaching its June highs as the break above triangle resistance
last week follows through. 
- EURJPY held the 200-dma on Friday keeping the bullish trend intact. 
- AUDJPY is trading sideways after holding above the 55-dma. Bulls need to break
the 200-dma to suggest the medium term outlook is improving. 
- CNHJPY continues to trend higher after holding above support at 16.40 last
week. The July 13 high at 16.98 is the next upside target. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.